Golden Way pyramid fraud warning from Russia
Golden Way has received a pyramid fraud warning from Russia.
As per the Central Bank of Russia’s October 26th notice, Golden Way exhibits “signs of a financial pyramid”.
BehindMLM reviewed Golden Way back in January. Golden Way’s business model attaches a pyramid scheme to annual returns of up to 530%.
Of note was Golden Way hitting the MLM Ponzi trifecta; Dubai, a Boris CEO and Ukrainian scammers.
In January 2022 Alexa tracked top sources of traffic to Golden Way’s website as Saudi Arabia (44%), Algeria (30%) and Egypt (3%).
Outside of Egypt recruitment has collapsed, with SimilarWeb today tracking traffic from Mexico (23%), France (13%), Egypt (12%) and Spain (12%).
Golden Way is not registered to offer securities in any of the countries it solicits investment in.